THE sale of the Rathkeale House Hotel is complete, sold on to another operator in the hospitality sector who has yet to be named publicly. Rooney Auctioneers (Limerick) Ltd had charge of sale with commercial sales director Gordon Kearney putting it on the market to guide at €1.5mn.
There are 26 bedrooms to the central venue; for some years there was planning permission in place for another 36. The building is in good knick with a BER of C1 and set for a good flood of traffic as the south Limerick road network develops.
Gordon reminds us that this hotel was was constructed by Tadgh O’Connor and family, serious business people in that part of the county, in the 1990s who have leased it over the past decade.
Spread over a four acre site, the three-star has traded successfully over the years, with little competition for luxe accommodation in the area. “The O’Connor family is delighted to report that this hotel has been sold to another hotel operator who intends continuing to operate the hotel as a hotel after carrying out a refurbishment to same.”
From Tadhg O’Connor, we hear that he is pleased “to see the hotel being sold to another hotel operator who will continue to provide hotel accommodation, restaurant and function room facilities for Rathkeale and the wider hinterland.”
Rooney Auctioneers say that there was “very strong interest in the hotel and a number of interested parties had alternative uses in mind” but that the O’Connor family favoured the ultimate buyer’s vision.